Skip to content
Subscriber Only

Plunge in Market for Ethanol Credits Spurred by Trump Review

Refineries As U.S. Companies Talk Expansion After Tax Gains
Photographer: Luke Sharrett/Bloomberg

President Donald Trump and his top agriculture and environmental officials are chatting again about modifying the U.S. biofuels mandate, and that sent the market for ethanol credits screaming lower.

Renewable Identification Numbers tracking 2018 ethanol consumption quotas fell 6.1 percent, according to broker data. RINs are used by oil refiners and regulators to track compliance of biofuel rules. Trump and his officials are said to be holding summits to discuss possible changes to the mandate.